Gossan Resources (CVE:GSS) Hits New 1-Year Low – Here’s Why

Gossan Resources Limited (CVE:GSSGet Free Report)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 49500 shares changing hands. The stock had previously closed at C$0.02.

Gossan Resources Price Performance

The stock’s 50 day simple moving average is C$0.02 and its two-hundred day simple moving average is C$0.02. The company has a market capitalization of C$1.35 million, a P/E ratio of 13.52 and a beta of 1.63.

Gossan Resources Company Profile

(Get Free Report)

Gossan Resources Limited, an exploration and evaluation stage company, engages in the acquisition, exploration, and development of resource properties in Canada. It holds interest in the Glitter property located in the Sturgeon Lake Greenstone Belt of Northwestern Ontario; the Gander Gold property covers an area of 8,875 hectares situated in Newfoundland; and the Weir Pond project covers an area of 975 hectares and the Island Pond properties cover an area of 1,050 hectares located in Newfoundland.

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